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Singapore and Britain in digital trade talks
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TheCityUK Condemns Blow To European Judicial Cooperation Date
04/05/2021
The European Commission has today issued a communication [1] to EU Member States with a non-binding recommendation that they should vote to block the UK’s ascension to the 2007 Lugano Convention [2].
Commenting on the news,
Miles Celic, Chief Executive Officer, TheCityUK, said,
It’s hard to understand this decision or see how this recommendation helps SMEs and individuals across Europe who benefit most from the clarity and cost savings the Lugano Convention brings to cross-border legal disputes.
“All of the non-EU parties to Lugano: Iceland, Norway and Switzerland, have indicated their support for the UK’s application and a relationship with the Single Market is not listed as a requirement of membership of the Convention. We now hope that EU Member States will vote to support the UK’s application, as doing so has clear benefits for the citizens of all signatories to the treaty. However, o
How Can the City of London Survive Brexit? - The New York Times
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Lord Hill – who served as EU commissioner for financial services until the Brexit vote – called for a range of deregulatory measures that would aim to “ensure the UK remains one of the most attractive places to grow and list successful, innovative companies”.
The report, which is believed to have been very well received by Chancellor Rishi Sunak and Prime Minister Boris Johnson, suggests opening up London to Spacs (Special acquisition companies), the so-called blank cheque firms that have become one of the most popular trends in finance.
Lord Hill also called for a swathe of deregulatory measures that would make London a more enticing destination for companies to go public, while also giving more power to start-up founders after listing on the London Stock Exchange.